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Macau extends gambling licenses for SJM and MGM China until 2022 to synchronise expiry date of all six casino concessions

Macau’s government has extended the gambling licenses of SJM Holdings and MGM China Holdings by two years, putting them on equal footing with four other casino concessionaires that operate in the world’s largest gaming hub.The concessions of SJM and MGM China will expire on June 26, 2022, the same as Sands China, Wynn Macau, Galaxy Entertainment Group and Melco Resorts & Entertainment Limited. SJM and MGM China will have to pay 200 million patacas (US$24.7 million) each for the extension.The… Source link

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China’s dilemma in trade war talks: making concessions without looking weak

As the leaders of the world’s two biggest economies sat down to dinner in Buenos Aires on December 1, hopeful of reaching a truce in the months-old trade war, Chinese President Xi Jinping kicked off the talks with a 30-minute monologue, according to American officials there that night. Yet for several days after the meeting, the world – and especially the Chinese people – had little confirmed knowledge of what Xi had said, or whether his remarks had helped de-escalate the tariff war between China and the United States, a…

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